Linkages between Travel and Tourism, Land Use, and Real Estate Development. J. Thomas Black, D. Scott Middleton, and Pofen Lin. Urban Land Institute, 625 Indiana Avenue NW, Washington, DC 20004-2930. October 1993. 20p

1995 ◽  
Vol 34 (2) ◽  
pp. 70-70
Keyword(s):  
Land Use ◽  
Real Estate ◽  
Urban Land ◽  
Real Estate Development ◽  
Washington Dc ◽  
Travel And Tourism

scholarly journals Sri Lankan Travel and Tourism Industry: Recent Trends and Future Outlook towards Real Estate Development

2020 ◽  
Author(s):  
Lasika Madhawa Munasinghe ◽  
Terans Gunawardhana ◽  
R. G. Ariyawansa
Keyword(s):  
Sri Lanka ◽  
Real Estate ◽  
Tourism Industry ◽  
Policy Implications ◽  
High Rate ◽  
Real Estate Development ◽  
Total Employment ◽  
Future Outlook ◽  
Travel And Tourism ◽  
The World

Tourism is considered as an important economic activity around the world due to its direct economic impact as well as it is significant indirect and induced impacts. Granting to the World Travel and Tourism Council, Travel and Tourism Industry is one of the world’s most significant economic sectors accounting for 10.4% of global GDP and 313 million jobs, or 9.9% of total employment, in 2017. The direct and indirect impact of the industry on real estate development in the world is tremendous in terms of accommodation, catering to food and beverages, leisure, pleasure and relaxation. In Sri Lanka, tourism is the third-largest export earner in the economy, and during the past five years, there has been an unprecedented growth in the industry. However, tourism in Sri Lanka has much more untapped potential; thereby, the sector is poised to generate a range of growth and investment opportunities. However, it is only through the right policies and investment decisions; Sri Lanka can leverage the economic prospects of the Travel and Tourism Industry. This study analyses the importance of the Travel and Tourism Industry in terms of real estate development. It reviews significant trends that are shaping the growth and development of the Travel and Tourism Industry in Sri Lanka and aim to produce useful inputs for policy implications. The analysis is based on modified Tourism Satellite Account: Recommended Methodological Framework 2008 published by World Travel and Tourism Council, and carried out analysing both academic and non-academic publications, including published journal articles, annual and quarterly reports published by United Nations’ World Tourism Organization, World Travel and Tourism Council, World Economic Forum and Sri Lanka Tourism Development Authority and through the raw data obtained by World Travel and Tourism Council for Sri Lanka. As per the analysis, the future outlook is bright for the tourism sector in Sri Lanka, and the country is expected to maintain a high rate of growth well into the next decade.

scholarly journals International Real Estate Review

2002 ◽  
Vol 5 (1) ◽  
pp. 1-11
Author(s):  
Edwin S. Mills ◽  
Keyword(s):  
Land Use ◽  
Real Estate ◽  
Urban Land ◽  
Urban Housing ◽  
Urban Land Use ◽  
Housing Development ◽  
Free Markets ◽  
Development Policies ◽  
Urban Housing Development ◽  
Comprehensive Study

Government controls on urban land use are as pervasive as death and taxes. Certainly, I have never been in or seen reference to a country that placed no or even almost no, controls on how owners could develop and use urban land. The most comprehensive study of urban housing development policies, Angel and Mayo (1996), which covers 53 countries that include 80 percent of the world’s population, included none that approximated free markets in housing.

Unifying Urban Land Use and Land Value Theories

2002 ◽  
Author(s):  
Grant Ian Thrall
Keyword(s):  
Land Use ◽  
Real Estate ◽  
General Theory ◽  
Urban Environment ◽  
Urban Form ◽  
Agricultural Land ◽  
Urban Land ◽  
Land Values ◽  
Land Value ◽  
Land Uses

The market analysis report that is submitted to the decision maker (see chapter 4) should include a descriptive, qualitative overview of the context the real estate project has to the existing and changing urban environment. To better accomplish this task, one should have knowledge of the general theory regarding the market processes that bring about land use and urban form. This chapter presents three relevant general theories of land use and land value. Together, these general theories provide a general qualitative understanding of how the existing urban environment came to be and allows the analyst to prognosticate the trajectory of change of urban land uses and land values. The first two of the general theories presented here arose out of an attempt to explain agricultural land values and land uses. Why should a discussion of the agronomy sector be included in a book on urban real estate analysis? First, all the general theories relevant to land values and land use, and their spatial distribution within a city, are part of an intellectual heritage that dates from general theories of agricultural land values and land use. Second, much of new urban development occurs at those suburban margins. To understand development at the suburban margins, there must be an understanding of the nonurban land uses and land values at those locations. The third general theory explains spatial equilibrium and its role in shaping urban land values and land uses. Two eighteenth-century theorists, David Ricardo and Johann Heinrich von Thünen, are credited for having created a vast and sometimes opposing literature on land valuation. Ricardo’s economic theory was based upon the relative productivity of sites. In contrast, von Thünen’s geographic theory was focused on the locational component of land values and land use. The juxtaposition of these two competing giants of land theory in many respects still differentiates economists and geographers even today. After the theories of Ricardo and von Thünen are presented, an overview of the consumption theory of land rent (CTLR) is provided. The CTLR is my general theory and methodology for evaluating urban housing land use, land values, and urban form (Thrall 1980, 1987, and see 1991).

Understanding Real Estate Markets and Submarkets

2002 ◽  
Author(s):  
Grant Ian Thrall
Keyword(s):  
Land Use ◽  
Real Estate ◽  
Metropolitan Area ◽  
Office Buildings ◽  
Office Building ◽  
Washington Dc ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
The City

This chapter explains the workings and characteristics of real estate submarkets and the interaction of the submarkets with the larger local market. Market analysts have often defined a real estate market by political divisions such as a county, city, or metropolitan area (e.g., Palm Beach County, the City of Los Angeles, Baltimore- Washington, DC metropolitan area). Market trends are compared and contrasted between real estate markets, such as the growth of Baltimore-Washington, DC versus the decline of Buffalo-Niagara Falls metro areas. Such comparisons at a large geographic scale are valuable because they can identify potential opportunities and potential investment failures. However, as discussed in the previous chapter, the real estate decision is a site-specific decision. Analysis at the appropriate scale and for the appropriate submarket is required to support the real estate decision. Submarkets are areas within the larger market area that stand out in some important way (see Thrall and Amos 1999; Thrall and McMullin, 2000b). For example, . . . Sites within the submarket are at the same stage of a cycle with one another, while perhaps being countercyclical with sites in the larger market or other submarkets. Land use within the submarket is homogeneous and differs from land use in other adjacent submarkets (e.g., a submarket of office buildings or retail). A submarket might be composed of households of similar demographic characteristics (lifestyle segmentation profiles), and have housing in a similar price range. . . . The city is an aggregate of submarkets. Each submarket is affected by the whole city; each submarket affects, and in turn is affected by, other nearby submarkets. In other words, submarkets are interdependent with one another and each is interdependent with the whole. Nearby submarkets generally have greater interdependency with one another than they have with submarkets that are more remote. However, some submarkets may be highly interdependent, even though they are distant from one another, such as submarkets of office buildings or industrial park land uses. An urban area will have few office building submarkets that depend on the same geographically large urban market to sustain them; overdevelopment of one office building submarket can have a price effect on another office building submarket.

From Middle to Upper Class Sprawl? Land Use Controls and Changing Patterns of Real Estate Development in Northern New Jersey

2011 ◽  
Vol 101 (3) ◽  
pp. 609-624 ◽  
Author(s):  
Thomas K. Rudel ◽  
Karen O’Neill ◽  
Paul Gottlieb ◽  
Melanie McDermott ◽  
Colleen Hatfield
Keyword(s):  
Land Use ◽  
New Jersey ◽  
Real Estate ◽  
Upper Class ◽  
Real Estate Development ◽  
Changing Patterns ◽  
Land Use Controls

Suggestions on Comprehensive Metro and Real Estate Development Applied in China: A Case Study of the MTR

2014 ◽  
Vol 587-589 ◽  
pp. 2014-2017
Author(s):  
Lin Li ◽  
Chao He Rong ◽  
Hong Feng Zhu
Keyword(s):  
Land Use ◽  
Hong Kong ◽  
Real Estate ◽  
Annual Report ◽  
Financial Burden ◽  
Real Estate Development ◽  
Rail Transit ◽  
The World ◽  
Beijing Subway

This article generalizes the current condition of the MTR, introducing the “rail transit plus comprehensive land use” mode in detail. By analyzing this mode applied in Hong Kong, three feasible factors to the success of this mode in Hong Kong are found. According to the annual report of MTR, this mode brings great profit to MTR and has become the learning example to the rest of the world. In China, Shenzhen Metro Group co., Ltd, Hangzhou Metro Group co., Ltd and Beijing Subway are now learning this mode to alleviate the financial burden of government as well as to enlarging the metro by using their profit. In order to realize win-win situation, several suggestions should be put forward.

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